Embotelladora Andina (NYSE:AKO.B) Shares Gap Down – Should You Sell?

Shares of Embotelladora Andina S.A. (NYSE:AKO.B) gapped down before the market opened on Tuesday . The stock had previously closed at $30.10, but opened at $28.85. Embotelladora Andina shares last traded at $29.6010, with a volume of 571 shares trading hands.

Analysts Set New Price Targets

Several brokerages have issued reports on AKO.B. Zacks Research raised shares of Embotelladora Andina to a “hold” rating in a report on Thursday, May 21st. Wall Street Zen raised shares of Embotelladora Andina from a “hold” rating to a “strong-buy” rating in a research report on Saturday, May 2nd. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy”.

Embotelladora Andina Trading Down 0.8%

The company’s 50 day simple moving average is $29.19 and its 200-day simple moving average is $29.08. The firm has a market cap of $4.67 billion, a P/E ratio of 14.51 and a beta of 0.63.

About Embotelladora Andina

Embotelladora Andina SA, together with its subsidiaries, produces, markets, and distributes Coca-Cola soft drinks in Chile, Brazil, Argentina, and Paraguay. It also offers fruit-flavored beverages, juices, sports and energy drinks, ice tea, and bottled water. Embotelladora Andina SA was founded in 1946 and is headquartered in Santiago, Chile.